FRP (NASDAQ:FRPH) Posts Quarterly Earnings Results

FRP (NASDAQ:FRPH) issued its earnings results on Wednesday. The financial services provider reported $0.09 earnings per share for the quarter, Zacks reports. FRP had a return on equity of 1.67% and a net margin of 18.35%.

FRP Stock Up 0.0 %

NASDAQ:FRPH traded up $0.01 during mid-day trading on Wednesday, reaching $31.00. 42,323 shares of the stock were exchanged, compared to its average volume of 28,627. The company has a 50 day simple moving average of $30.58 and a 200-day simple moving average of $30.34. FRP has a 1 year low of $26.99 and a 1 year high of $33.00. The stock has a market capitalization of $589.93 million, a P/E ratio of 77.50 and a beta of 0.50.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded FRP from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

About FRP

FRP Holdings, Inc engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalties owned by the company primarily in Florida, Georgia, and Virginia.